A Corporate Expense Giant in the Making — Skift Corporate Travel Innovation Report
Photo Credit: Four expense management companies have teamed up to take on Concur. Pictured is a restaurant in Harrisonburg, Virginia. Flickr / Bill Dickinson
Skift Take
Smaller players in the expense management marketplace are gearing up to take on Concur despite Concur's commanding lead in the sector.
The Skift Corporate Travel Innovation Report is our weekly newsletter focused on the future of corporate travel, the big fault lines of disruption for travel managers and buyers, the innovations emerging from the sector, and the changing business traveler habits that are upending how corporate travel is packaged, bought, and sold.
Some big news in the expense management space this week, featuring a major rollup of smaller players aimed at taking down big dog Concur.
Certify, Nexonia, Tallie, and ExpenseWatch will merge after being acquired in a $125 million equity investment by K1 Investment Management, a private equity fund that targets software and technology companies.
“This deal is all about bringing the best expense management products to the most users everywhere in the world,” said Robert Neveu, CEO of Certify. “We’re now in a much stronger position to develop products and serve customers in the U.S., Canada, and internationally. I would expect us to cont
